NSW trade minister embarks on Malaysia and Singapore mission
Media release | 31 October 2017
Minister for Trade and Industry Niall Blair today embarked on a trade and investment mission to Malaysia and Singapore, where he will meet with government and leading businesses to showcase NSW’s exports and build on the state’s economic opportunities.
Mr Blair said the mission from 1-4 November will promote NSW’s capabilities in international education, innovation, energy and infrastructure as well as food and agriculture.
“I will be putting the spotlight on some of the prime investment opportunities on offer in NSW, while gaining a better understanding of the issues faced by potential investors, as well as the opportunities and challenges of doing business in Malaysia and Singapore,” Mr Blair said
“This mission is a fantastic opportunity to strengthen our already excellent trade relationships with Malaysia and Singapore in the lead up to Sydney hosting the ASEAN-Australia Special Summit in March 2018.”
Malaysia is a significant trading partner and a key market for many NSW exporters, with NSW merchandise exports to Malaysia totalling $996 million in the last financial year.
Singapore is also an important trading partner and a priority market for the NSW Government, with NSW merchandise exports to Singapore totalling $437 million.
The mission will see Minister Blair meet with companies in Malaysia including utility company Tenaga Nasional Berhad and investment holding company Country Heights Holdings Berhad, plus Singapore Airlines in Singapore.
Both countries are members of the Association of Southeast Asian Nations (ASEAN), which has experienced strong economic growth, and with its close proximity to Australia offers significant opportunities for NSW export businesses.
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